JULY 2019 PHILIPPINE ELECTRONICS EXPORT PERFORMANCE

0Amidst global semiconductor market decline, the electronics industry remains as the country’s top exporter, at US$ 24.43 billion (Year-to-Date, from January to July 2019), or 1.6% higher than the same period in 2018.

A. PH Electronic Exports: June 2019 versus July 2019 (Month-on-Month)

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Fig. 1: PH Electronic Exports (June 2019 vs July 2019)

Electronic exports decreased by 1.88%, from US$ 3.83 billion in June, to US$ 3.76 billion in July 2019 (see Fig. 1).

Five out of nine sectors decreased, led by Office Equipment at 19.71%, from US$ 83.68 million, to US$ 67.19 million this month. This was followed by Components / Semiconductor Devices (5.44%), Electronic Data Processing (1.97%), and Communication / Radar (0.16%) (see Table 2).

Four out of nine sectors increased, led by Control and Instrumentation at 39.07%, from US$ 58.92 million last month, to US$ 81.94 million this month. This was followed by Telecommunication (24.32%), Consumer Electronics (16.11%), Medical / Industrial Instrumentation (16.05%), and Automotive Electronics (11.98%) (refer to Table 2).


B. PH Electronic Exports: July 2018 versus July 2019 (Year-on-Year)

Electronic exports increased by 4.05%, from US$ 3.61 billion in July 2018, to US$ 3.76 billion in July 2019, as shown in Fig. 2.

 

Six out of nine sectors increased, led by Office Equipment at 61.42%, from US$ 41.62 million in July 2018, to US$ 67.19 million in July 2019. Other sectors that increased were Consumer Electronics (61.38%), Telecommunication (39.57%), Communication / Radar (32.19%), Control and Instrumentation (26.53%), and Components / Semiconductor Devices (2.42%) (see Table 2).

Three out of nine sectors decreased, led by Medical / Industrial Instrumentation at 31.67%, from US$ 7.06 million, to US$ 4.83 million this month. This was followed by Automotive Electronics (16.62%), and Electronic Data Processing (13.66%) (see Table 2).

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Fig. 2: PH Electronic Exports (July 2018 vs. July 2019)


C. PH Electronic Exports: Jan-July 2018 versus Jan-July 2019 (Year-to- Date)

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Fig. 3: PH Electronic Exports (January-July 2018 vs. January-July 2019)

Cumulative electronic exports increased by 1.59%, from US$ 24.04 billion last year to US$ 24.43 billion this year. This comprises 60.48 % of total Philippine exports, year-to-date (see Fig. 3).

Five sectors increased from last year’s YTD figures. Office Equipment increased at 43.38%, from US$ 306.57 million last year to US$ 439.56 million this year. Other sectors that increased were Communication / Radar (38.60%), Consumer Electronics (30.90%), Automotive Electronics (4.31%), and Telecommunication (3.22%) (see Table 3).

Four sectors decreased, namely: Medical / Industrial Instrumentation (28.31%), Control and Instrumentation (7.00%), Electronic Data Processing (2.25%), and Components / Semiconductor Devices (0.33%) (refer to Table 3).


COUNTRIES OF DESTINATION (JULY 2019)

As shown in Table 1, the top five (5) countries of destination in July 2019 were Hong Kong (17.93%), the United States (14.04%), the People’s Republic of China (13.61%), Singapore (7.18%), and Japan (6.73%).

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Table 1: Top 5 Destination Countries for Philippine Electronics (June 2019 vs. July 2019)

Other destinations in the top ten were Germany (4.80%), Taiwan (4.44%), Korea (4.39%), Thailand (3.48%), and the Netherlands (3.09%).

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Fig. 4: Top Exported Products, July 2019

The top exported electronics products for this month were Components / Semiconductor Devices, Electronic Data Processing, Communication / Radar, Consumer Electronics, and Office Equipment (refer to Fig. 4). Wafers bound for China increased by 13% but parts of electrical and electronic machinery bound for the USA decreased by 78% (see Table 4).

Table 2: PH Electronic Exports Product by Sector (Month-on-Month and Year-on-Year)

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Notes for Table 3:

F.O.B. Value in Million U.S. Dollars

Electronic Eqpt and Parts – referred as “Other Electronics”

p– Preliminary

r – Revised

Growth rates were computed from actual values

Table 3: PH Electronic Exports Product by Sector (Year-to-date)

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Table 4: PH Top Electronic Export Products and Countries of Destination

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